Trader Says Solana-Based Altcoin That’s Up Over 4x in a Week To Go Higher, Updates Outlook on Fantom and Ethena
A closely followed crypto analyst and trader believe that one red-hot Solana ( SOL )-based memecoin may have even more upside potential after putting up huge gains in the last week.
Pseudonymous analyst Altcoin Sherpa tells his 225,300 followers on the social media platform X that the market cap of Goatseus Maximus ( GOAT ) could soar more than 130% from its current value.
“GOAT: $500 million [market cap] next in my opinion. Still holding a big bag of this and will consider taking a bit of profit there.”
Source: Altcoin Sherpa/X GOAT is trading for $0.2176 at time of writing, up more than 400% from its low of $0.0435 reached on October 13th. With a current market cap of $216,865,708, GOAT is the 276th largest crypto project.
Next up, the analyst is expressing longterm bullish sentiment on layer-1 blockchain Fantom ( FTM ). However, he warns FTM may decline below $0.71 in the near term.
“FTM looks decent to me still and I’m still holding a bag. Hoping it doesn’t go back within that trading range, but it’s looking somewhat likely at this point. More of a buy and hold bag for me.”
Source: Altcoin Sherpa/X FTM is trading for $0.74 at time of writing, down 1% in the last 24 hours.
Lastly, the analyst says Ethena ( ENA ), a synthetic dollar protocol on Ethereum ( ETH ), could surge after bouncing off of a Fibonacci retracement level at $0.38.
“Currently long ENA at the .382 fib plus support/resistance level. Targeting low $0.40s.”
Source: Altcoin Sherpa/X ENA is trading for $0.39 at time of writing, down more than 1.9% in the last 24 hours.
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